HK Stock Market Move | AOM INT'L (00381) is up more than 10%. The company plans to acquire a 51% stake in Hainan Second Chain Technology.

AOM INT'L (00381) surged more than 10%, as of the time of writing, it has increased by 11.39%, trading at 0.44 Hong Kong dollars with a transaction volume of 1.5068 million Hong Kong dollars. In terms of news, AOM INT'L recently announced that the company has entered into a memorandum of understanding with Ms. Wang Fang (the seller), the contracting parties have agreed to negotiate on the possible conditional acquisition by the company and the possible conditional sale by the seller of 51% equity interest in Hainan Miaolian Technology Co., Ltd. (the target company). It is reported that Hainan Miaolian Technology Co., Ltd., established in 2021, is a professional provider of enterprise digitalization solutions. Its services cover various aspects of enterprise digitalization, including digital strategic planning, business process optimization, data mining, machine learning, cloud computing, and big data.